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Labor Market Outlook: December 2018

EMPLOYMENT LOSSES IN NON-AGRICULTURAL SECTORS

Seyfettin Gürsel, Gokce Uysal  and Yazgi Genc

Seasonally adjusted labor market data shows that in the period of September 2018, non-agricultural unemployment rate increased by 0.2 percentage points and reached to 13.3 percent. In the period of September 2018, there is a strong decrease in non-agricultural employment, but due to a decrease in non-agricultural labor force in the same time, the increase in the non-agricultural unemployment rate was limited by 0.2 percentage points. In the period of September 2018, employment losses were recorded in all non-agricultural sectors. Employment decreased by 32 thousand in manufacturing, 29 thousand in construction and 50 thousand in services. While non-agricultural male unemployment rate rose by 0.6 percentage points, non-agricultural female unemployment rate decreased by 0.2 percentage points in September 2018. Betam’s forecasting model predicts that the non-agricultural unemployment will increase to 13.4 percent in the period of October 2018.

doc. LaborMarketOutlook2018M12

pdf. LaborMarketOutlook2018M12